Data Bridge Market Research analyses that the Hemp Seed Market was valued at USD 5.1 billion in 2021 and is expected to reach the value of USD 9.94 billion by 2029, at a CAGR of 8.70% during the forecast period of 2022-2029.

Industry Analysis

Hemp seed is regarded as the most nutritious seed in the world due to their numerous beneficial properties, as well as its use as an analgesic in pharmaceuticals. The global hemp seed market is expected to expand as a result of increased demand for hemp seeds over traditional herbal seeds due to their flexibility and as a core product for overall health improvement.

Hemp seeds refer to small, brown seeds of the Cannabis Sativa plant. They contain less than 1% of psychoactive drugs, whereas marijuana contains more than 20%. Hemp seeds are an excellent source of easily digestible proteins, fibres, amino acids, antioxidants, essential fats, iron, and vitamins.

Global Hemp Seed Market Scope

The hemp seed market is segmented on the basis of product type, form, packaging, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

·       Medicinal

·       Auto Flowering

·       Feminized

·       Regular

·       Others

Form

·       Whole Hemp Seed

·       Shelled Hemp Seed

·       Hemp Seed Oil

·       Hemp Seed Protein

Packaging type

·       Pouches

·       Jars

·       Tins

·       Others

Distribution channel

·       Direct

·       Indirect

·       Online

·       Modern trade format

·       Convenience stores

·       Departmental stores

·       Retails

·       Others

Application

·       Food

·       Tea and Hemp Juice

·       Hemp Sacks

·       Hemp Fibre

·       Others

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Hemp Seed Market Regional Analysis/Insights

The hemp seed market is analysed and market size insights and trends are provided by country, product type, form, packaging, and application and distribution channel as referenced above.

The countries covered in the hemp seed market report are

·       U.S.

·       Canada and Mexico in North America

·       Germany

·       Sweden

·       Poland

·       Denmark

·       France

·       U.K.

·       Netherlands

·       Switzerland

·       Belgium

·       Russia

·       Italy

·       Spain

·       Turkey

·       Rest of Europe in Europe

·       China

·       Japan

·       India

·       South Korea

·       Singapore

·       Malaysia

·       Australia

·       Thailand

·       Indonesia

·       Philippines

·       Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)

·       Saudi Arabia

·       U.A.E

·       South Africa

·       Egypt

·       Israel

·       Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

·       Brazil

·       Argentina and Rest of South America as part of South America.

Competitive Landscape and Hemp Seed Market Share Analysis

The hemp seed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hemp seed market.

Some of the major players operating in the hemp seed market are:

·       Nhempco (Canada)

·       Ecofibre (Australia)

·       Hemp Inc. (US)

·       GenCanna (US)

·       HempFlax Group B.V., (Netherlands)

·       Konoplex (Russia)

·       Hemp Oil Canada (Canada)

·       Hemp Poland (Poland)

·       Dun Agro (Netherlands)

·       Colorado Hemp Works (US)

·       Canah International (Romania)

·       South Hemp Tecno (Italy)

·       Plains Industrial Hemp Processing (Canada)

·       MH Medical Hemp (Germany)

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